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Informist, Wednesday, Jun. 24, 2026

 

By Taniva Singha Roy

 

MUMBAI – Ex-mill prices of sugar in the key markets of Maharashtra rose as demand increased due to concerns over a lower sales quota in July, traders said. Mills in Uttar Pradesh kept prices steady, they added.

 

Mills in Maharashtra raised prices by INR 15 per 100 kg as demand from the resale market improved due to concerns of lower availability of sugar next month, Mukesh Kuvadia, secretary of the Bombay Sugar Merchants Association. Prices are likely to increase further in the coming days as well, Kuvadia said.

 

Mills in Uttar Pradesh kept prices steady after raising rates by INR 5–INR 15 per 100 kg the previous day, Naresh Gupta, a trader from north India said. In the resales markets, however, prices rose by INR 5-INR 10 per 100 kg, Gupta said. Traders in the resale market have exhausted their stocks, which is why prices increased, he said.

 

During this month, prices have increased by about INR 50–INR 60 per 100 kg due to strong demand from bulk sugar consumers, such as ice-cream and cold-drink manufacturers, Gupta added.                                                                  

The following are the highlights of sugar prices in the domestic market:

--Flat at INR 4,035-INR 4,185 per 100 kg in western Uttar Pradesh

--Flat at INR 4,040-INR 4,185 100 kg in central Uttar Pradesh

--Up INR 15 at INR 4,110-INR 4,192 per 100 kg in Mumbai

--Up INR 15 at INR 3,995-INR 4,000 per 100 kg in Kolhapur

 

At 1759 IST, the price of sugar on the Intercontinental Exchange was down 0.3% at 13.37 cents per pound, tracking a fall in crude oil prices on NYMEX. Lower crude oil prices reduce the incentive to divert sucrose for ethanol production, increasing the availability of sugar in the market.  End

 

US$1 = INR 94.66

 

Edited by Deepshikha Bhardwaj

 

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